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Ex-Finra Executive Luparello Tapped as SEC Trading and Markets Chief

Role Places Luparello at Center of Debate Over Market Structure, Trading Glitches

By

Andrew Ackerman and

Bradley Hope

Updated Feb. 13, 2014 5:49 p.m. ET

WASHINGTON—Securities and Exchange Commission Chairman Mary Jo White has tapped Stephen Luparello, a former executive at the Financial Industry Regulatory Authority who has also worked at the SEC, to a top post overseeing trading firms and stock exchanges, people familiar with the matter said.

Mr. Luparello has accepted the job as director of the SEC's division of trading and markets, but an announcement could be several weeks away as he works through a lengthy vetting process for top government officials, these people...